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United Kingdom
Real Estate
UAE’s real estate market to reach $707.86 billion by end of 2024: Report
The extended growth is due to HNWIs' interest in luxury property investment in Dubai
Markets
Oil prices maintain stability following recovery from 3-month low, investors await inflation data
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Markets
Oil prices bounce back slightly as traders eye U.S. inflation report, upcoming OPEC+ meeting
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Banking & Finance
Saudi Arabia’s holdings in U.S. treasuries surge to $135.9 billion
This represents a 3.66 percent rise compared to the previous month
Hospitality & Tourism
Saudi Arabia’s Diriyah seeks U.K. partnerships in business, development projects
Diriyah reiterates commitment to expanding its partnership portfolio across various sectors
Banking & Finance
Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024
The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year
Economy
BoE maintains rates at 5.25 percent but hints at summer cut
The cost of borrowing will continue to be at a 16-year high
Technology
29 percent of organizations deployed GenAI as leading AI solution, reveals new survey
25 percent of companies utilize customized GenAI models for specific use cases
Hospitality & Tourism
Saudi Arabia e-visa accessibility extended to Barbados, Bahamas, and Grenada
With this expansion, the total number of countries eligible for the E-visa has increased to 66
Markets
Abu Dhabi’s ADQ lists inaugural $2.5 billion bond on London Stock Exchange
Listing proceeds to facilitate further investments in strategic initiatives
Banking & Finance
Abu Dhabi’s ADQ acquires 49 percent stake in Plenary Group to drive public infrastructure expansion
The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec
Economy
World Bank secures $11 billion backing for new financial instruments to boost lending capacity
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Sustainability
Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President
Adesina said the devastating African drought demands urgent, collective action to boost support and financing
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Op-eds
Embracing new opportunities amid shifting global economic dynamics
Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA
Economy
Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England
UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation
Banking & Finance
Digital wallets empower financial inclusion and cross-border payments: Visa report
The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028
Logistics
Turkish exports reach $21.8 billion, trade deficit narrows by 44.2 percent in February
Exports rose by 13.6 percent
Economy
Bank of England maintains interest rate at 5.25 percent, but cut looms near
The bank’s committee is worried as wage growth outpaces inflation at 6 percent
Markets
UAE gold prices show slight increase ahead of Fed meeting
Gold holds above $2,150 support level
Economy
U.K.’s economic recovery bolstered as GDP surges in January
Retail and wholesaling sectors drive 0.2 percent monthly growth
Economy
Investopia 2024: 11 panels exploring investment opportunities in new economy
The discussions highlighted urgency of investing in human capital, achieving carbon neutrality
Egypt
Egypt inks $300 million deal for integrated medical and educational project in Shorouk City
The project is expected to generate over 2,000 job opportunities
Economy
BoE maintains interest rate unchanged at 5.25 percent for fourth consecutive time
Inflation target remains key focus
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